OPEC has started working on a strategy to exit the deal to reduce production from producers outside the cartel, Reuters reports citing two sources in OPEC. OPEC and a group of non-cartel producers agreed on November 30 to extend the agreement to reduce production by the end of 2018 to reduce...

The International Monetary Fund has said that the warnings of slow growth for UK that it had made before the Brexit referendum are turning out to be true and has thus sternly defended the dismal forecasts for the economy after Brexit.   Britain’s slower growth that is being witnessed...

The Bank of Japan did not change the parameters of monetary policy at the final meeting in 2017. The regulator has retained unprecedented incentives, expecting the growth of steadily low inflation, Bloomberg reports. As analysts had expected, the interest rate on deposits of commercial banks in the...

Excessive subsidiaries received by the Chinese e-bike manufacturers push the EBMA to lodge complaint, whereby adding yet another investigation in the list of investigations carried out by the EU towards Chinese exports. Trade between Beijing and Brussels hit an increased tension note, as on...

The British pound is the most reliable indicator of sentiment towards Brexit. If the news headlines shout about a "hard" exit of the UK from the EU (the creation of trade barriers with Europe), the UK’s national currency declines. Once the information about the "soft" Brexit (what is close to...

The head of the Bank of Italy, Ignazio Visco, said that the deep recession and EU rules led to recent problems in the banking sector of the country. However, he denies the fact that insufficient supervision played a role in the collapse of several banks that needed € 13 billion in aid, writes the...

Canada's oil sector is in distress. Oil from the oil sands of this country is sold at a discount of $ 27 in relation to the American WTI, and this is the biggest difference in price over the past 4 years. Contracts for Western Canada Select (WCS), which is a benchmark for the Alberta oil sands,...

There is no evidence of an increase in the share of "zombie companies" in Germany, despite the low cost of loans. The loans reduce incentives for banks to stop lending to customers who are already in arrears, the Bundesbank said. The German central bank has long opposed the ultra-soft policy of the...

There would be far reaching consequences for the entire industry from a set of new rules for the financial sector that are to be imposed by the EU in in January.   The time and manner of asset trading is being attempted to be more transparent by the reforms. The new standards would impact...